- When calculating the supply volume for VAT registration, amounts from returned goods/services or advance payments are deducted from the total supply volume.
- VAT registration is required if the total taxable supply exceeds 1,000,000 UAH (excluding VAT) in the last 12 months, except for single tax payers of groups 1–3.
- Voluntary VAT registration is possible upon application, even if the supply volume is below the threshold.
- The calculation must consider the definitions of “supply of goods” and “supply of services” as per the Tax Code.
- Returns of goods/services or advance payments reduce the supply volume used to determine the need for VAT registration.
Source: news.dtkt.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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